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Cost of Living in Walton County, FL

Population 82,948 · Census ACS 2020–2024 5-year estimates

Median rent$1,741
Median home value$425,100
Median household income$81,986

The median rent in Walton County, FL is $1,741/month, 4% higher than the Florida median and 23% higher than the U.S. median. The median home value is $425,100, 28% higher than the national median. Households earn a median of $81,986 a year, 10% higher than the state median.

Affordability

Rent as a share of median income: 25.5%
Income needed for median rent (30% rule): $69,640/yr
Home price-to-income ratio: 5.2×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $2,150/mo

Run your own numbers: mortgage calculator · hourly to salary

Walton County vs. Florida vs. U.S.

Walton CountyFloridaU.S.
Median rent$1,741$1,669$1,413
Median home value$425,100$359,000$332,700
Median household income$81,986$74,568$80,734
Homeownership rate78.6%67.6%65.2%
Bachelor's degree or higher35.0%34.1%35.7%
Poverty rate12.5%12.6%12.5%
Unemployment rate4.9%4.8%5.2%
Work from home16.3%15.7%15.1%
Median age43.942.638.9

FAQ

What is the average rent in Walton County, FL?

The median gross rent in Walton County, FL is $1,741 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Walton County, FL?

Using the common 30% rule, renting a median-priced home takes about $69,640 a year in gross income.

Is Walton County, FL expensive to live in?

Rent there is 23% higher than the U.S. median, and the median home costs about 5.2 times the median household income.

Other counties in Florida

Miami-Dade County, FLRent $1,829 · Income $71,753Broward County, FLRent $1,907 · Income $77,633Palm Beach County, FLRent $1,916 · Income $83,581Hillsborough County, FLRent $1,667 · Income $79,540Orange County, FLRent $1,775 · Income $79,719Duval County, FLRent $1,475 · Income $71,277

Counties with a similar cost of living

DeKalb County, GARent $1,692 · Income $80,644Henry County, GARent $1,674 · Income $83,146Kodiak Island Borough, AKRent $1,765 · Income $86,250Kings County, NYRent $1,833 · Income $80,263Stanislaus County, CARent $1,623 · Income $81,468San Bernardino County, CARent $1,801 · Income $85,478

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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